BSECompany Update13 Aug 2026 · 13 Aug 2026, 11:42 am
Pursuant to above captioned subject, please find enclosed herewith: 1) Monitoring Agency Report for June 2026 quarter issued by Brickwork Rating India Pvt Ltd. 2) Peer-Reviewed CA Certificate ....
BYLD Capital Finance Ltd · 511730
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BYLD Capital Finance Ltd has submitted a Monitoring Agency Report for the quarter ended June 30, 2026, issued by Brickwork Ratings India Private Limited, as per Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact5/10
Market Sentiment5/10
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BYLD Capital Finance Ltd - 511730 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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BYLD CAPITAL FINANCE LIMITED
(FormerLy Avasara Finance Limited)
• • CAPITAL
CIN :L74899MH1994PLC216417
Date: 13th August, 2026
Listing Department,
BSE Limited,
Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001
BSE Scrip Code: 511730
Sub.: Monitoring Agency Report for the quarter ended June 30,2026
Ref.: 1. Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")
2. Regulation 82(2) of the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) Regulations, 2018
Dear SirjMadam,
Pursuant to the above captioned subject, please find enclosed herewith:
1. The Monitoring Agency Reports for the quarter ended June 30, 2026 issued by
Brickwork Ratings India Private Limited for monitoring the utilization of proceeds
from the Rights Issue.
2. A Peer-Reviewed CA Certificate verifying the accuracy of the data provided to the
Monitoring Agency
3. A statement from the Company confirming the utilization of proceeds from the
Rights Issue
The above is being made available on the Company's website i.e. https:/I. byldcapital.in//
Thanking you
For BYLD Capital Finance Limited
(Formerly known as A vasara Finance Limited)
Mr. Vinu Mammen
Whole-Time Director
DIN: 10710860
End: As Stated above
Regd. Office: 105, Vidya Chambers, Nana Chowk, Tardeo Road,
Grant Road, Tardeo, Mumbai -400 007
Email: compliance@avasarafinance.com
Second Monitoring Agency Report
BYLD Capital Finance Limited
Formerly known as Avasara Finance Limited)
for the quarter ended
June 30, 2026
No. BWR/2026-27/IPM/BCFL/02
August 12, 2026
Mr. Raj Surendra Jain
Chief Financial Officer
BYLD Capital Finance Limited
Bandra Hill View CHS, (3rd Floor),
85, Hill Road, Opp. Yoko Sizzlers,
Bandra (W), Mumbai,
Maharashtra, India, 400050
Dear Sir,
Second Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the
Right Issue of Equity Shares of BYLD Capital Finance Limited (formerly known as Avasara
Finance Limited) (“the Company”).
Pursuant to client's request and Monitoring Agency Engagement Letter dated October 23, 2025,
Brickwork Ratings (BWR) has prepared the Second Monitoring Agency Report, as per Schedule XI
of the SEBI ICDR Regulations towards utilization of proceeds from the funds raised, for the
quarter ended June 30, 2026.
The funds raised by the Company were through Right Issue of Equity Shares aggregating to
Rs.10.00 Crore of the Company.
In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30,
2026, as per Monitoring Agency Agreement dated October 23, 2025.
Request you to kindly take the same on records.
Thanking you,
Yours Faithfully,
Mr Niraj Kumar Rathi
Senior Director, Ratings - Brickwork Ratings
Report of the Monitoring Agency (MA)
Name of the issuer: BYLD Capital Finance Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Brickwork Ratings India Private Limited
(a) Deviation from the objects: No
(b) Range of Deviation: Not Applicable
Declaration:
We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, we
further declare that this report provides a true and fair view of the utilization of the issue proceeds in relation
to the objects of the issue based on the information provided by the Issuer and information obtained from
sources believed by it to be accurate and reliable.
We declare that we do not have any direct/indirect interest in or relationship with the
issuer/promoters/directors/management and confirm that we do not perceive any conflict of interest in
such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer.
The MA does not perform an audit and undertakes no independent verification of any information/
certifications/ statements it receives. This Report is not intended to create any legally binding obligations
on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said
information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any
security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should
be construed as creating a fiduciary relationship between the MA and any issuer or between the agency
and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section
2(38) of the Companies Act, 2013.
The MA or its affiliates may have a credit rating or other commercial transactions with the entity to which
the report pertains and may receive separate compensation for its ratings and certain credit related
analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and
reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other
commercial transactions with the entity.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments,
where applicable. There are certain sections of the report under the title “Comments of the Board of
Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors
after the MA submitting their report to the issuer and before dissemination of the report through stock
exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such
comments of the issuer’s Management/Board.
Signature:
Name of the Authorized Signatory: Mr Niraj Kumar Rathi
Designation of Authorized Person/Signing Authority: Senior Director, Ratings - Brickwork
Ratings
1) Issuer Details:
Name of the issuer: BYLD Capital Finance Limited
Names of the promoter: Jupiter Capital Private Limited
Industry / sector to which it belongs: NBFC
2) Issue Details:
Issue period: January 9, 2026, to January 19, 2026
Type of issue (public/ rights): Right Issue of Equity shares
Type of specified securities: Equity Shares
IPO Grading, if any: Not Applicable
Issue size (in ₹ Crore): 10.00
Amount
Total Number Value as per Offer Document
Particulars Price (₹) Received
of Securities (₹ Crore)
(₹ Crore)
Equity Shares- Right Issue 1,00,01800 10 10.00 10.00
Total 1,00,01800 10 10.00 10.00
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of
information /
Comments Comments
certifications
of of
Particulars Reply considered by
Monitoring Board of
Monitoring Agency
Agency Directors
for preparation of
report
Whether all utilization is as per Bank Statements,
the disclosures in the Offer Yes Invoices, Company’s Nil Nil
Document? Letter, CA Certificate.
Whether shareholder approval
has been obtained in case of
material deviations# from Nil Nil Nil
Applicable
expenditures disclosed in the
Offer Document?
Whether the means of finance for
the disclosed objects of the issue No Nil Nil Nil
has changed?
Is there any major deviation
observed over the earlier Nil
Applicable Nil Nil
monitoring agency reports?
Whether all
Government/statutory approvals
Yes Company’s letter Nil Nil
related to the object(s) have been
obtained?
Whether all arrangements
pertaining to technical Not
Nil Nil Nil
assistance/collaboration are in Applicable
operation?
Are there any favourable events
improving the viability of these No Company’s letter Nil Nil
object(s)?
Are there any unfavourable events
affecting the viability of the No Company’s letter Nil Nil
object(s)?
Is there any other relevant
information that may materially
No Not Applicable Nil Nil
affect the decision making of the
investors?
Note: The above details are verified by P.B Shetty & Co. LLP Chartered Accountants (LLPIN: ACH-1881)
vide its CA Certificate and company statement dated August 11, 2026.
#Where material deviation may be defined to mean:
(a) Deviation in the objects or purposes for which the funds have been raised
(b) Deviation in the amount of funds utilised by more than
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